Irving Oil Investments Corporation 401(k) Plan: Login, Facts & Contact Information

Irving Oil Investments Corporation 401(k) Plan Facts

Plan name
IRVING USA EMPLOYEES 401K PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
IRVING OIL INVESTMENTS CORPORATION
Participants
889 (671 active employees)
Former employees with a balance
239
Plan assets
$61,274,453 at Dec 31, 2022
Average account balance
$69,393 across 883 accounts
Employer contributions
$1,944,956 in plan year 2022 (33% of all contributions)
Recordkeeper
Milliman, Inc.
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Mar 1, 1990
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 10, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $5.82 million went into the plan in contributions, $1.94 million of it from the employer (33%).
  • $7.59 million was paid out to participants.
  • Administrative expenses were $44,408, about $50 per account.

How the Irving Oil Investments Corporation 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017764$48.3 million$1.27 million$3.55 million
2018792$46.8 million$1.51 million$4.19 million
2019828$58.2 million$1.61 million$4.80 million
2020881$68.4 million$1.68 million$6.59 million
2021853$75.9 million$1.69 million$7.56 million
2022889$61.3 million$1.94 million$7.59 million

Irving Oil Investments Corporation 401(k) Contact Information

Phone
506-202-7269
Mailing address
190 COMMERCE WAY, PORTSMOUTH NH 03801
Plan sponsor
IRVING OIL INVESTMENTS CORPORATION
Employer identification number (EIN)
01-0419995
Plan number
001

Questions about the Irving Oil Investments Corporation 401(k)

Does Irving Oil Investments Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $1.94 million, 33% of all contributions.

Does the Irving Oil Investments Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Irving Oil Investments Corporation 401(k) plan?

889 participants at the start of plan year 2022, 671 of them active employees, and 239 former employees who still had money in the plan.

What is the average 401(k) balance at Irving Oil Investments Corporation?

About $69,393 per account: $61.3 million in plan assets across 883 accounts with a balance at the end of plan year 2022.

Who manages the Irving Oil Investments Corporation 401(k) accounts?

Milliman (listed on the filing as MILLIMAN, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Irving Oil Investments Corporation. How do I access my 401(k)?

Your account stays with Milliman after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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